The Netherlands: Port of Rotterdam 2013 Profit Slightly Lower

The result of the Port of Rotterdam Authority for 2013 was €227 million. This is €1 million less than the result for 2012.

Large investments, especially in Maasvlakte 2, pushed the interest charges and depreciation up considerably. The revenue from port dues decreased. On the other hand, the revenue from the lease of sites increased, in particular due to the allocation of new sites and the integration of the sea port of Dordrecht. The Port Authority was able to keep costs under control.

Chief Financial Officer Paul Smits said: “After years of rising profits, the result for the Port Authority dropped slightly this year. This is not unexpected. Our debts have run up to €1.2 billion due to the large investments in past years. That also means that our interest charges have increased substantially. Combined with the slightly lagging throughput, this provides for a minor drop in profit. We need that profit, so that we can continue to invest in the port and ease our debt position at the same time.”

Investments

In 2013 the Port Authority invested €262.9 million. This is less than the €625.7 million which was invested in 2012. The completion of the first stage of Maasvlakte 2 caused the lower level of investment. The investment in Maasvlakte 2 amounted to €108.9, with €153.9 million devoted to the rest of the port area.

That is still substantial in comparison with the result of €227 million. It is characteristic of the investment machine which the Port Authority actually is.

Press Release, February 28, 2014

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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